Analysts warn British Airways’ fortunes are tied to lucrative London to New York route May 7, 2021 British Airways owner IAG today said it is “ready to fly” but is pinning its hopes on urgent government action after tumbling to a €1.1bn loss in the first quarter. IAG’s fate lies heavily in the hands of reopening the profitable London to New York business travel market, according to analysts. Passenger capacity for the [...]
Brydon review finds UK audit industry in need of ‘urgent reform’ December 18, 2019 The UK’s audit industry is in need of “urgent reform”, according to the findings of a year-long review into the sector. The review, which was led by Sir Donald Brydon, a former chair of the London Stock Exchange Group, calls for the creation of “a standalone and transparent audit profession” split off from the accounting [...]
Medium-sized businesses power ahead of the pack on overseas revenue growth May 28, 2019 Mid-sized companies are boosting Britain’s revenue growth overseas, driving international turnover by 63 per cent in the last five years, according to research. Read more: Medium-sized businesses lead UK revenue growth overseas New data has revealed that the increase, from £96bn to £157bn, exceeds that of FTSE 350 companies that have seen a 15 per [...]
Kazakh-stunned: Copper miner Kaz takes hit as prices falter August 15, 2019 Kazakhstan-based miner Kaz Minerals sounded a cautious note this morning after being stung by copper prices in the first half of the year. Pre-tax profit at the company dropped nearly 19 per cent to $289m, hurt especially by a 11 per cent drop in the price of copper, it’s main product. Read more: Evraz hails [...]
21 UK stocks in danger from a Labour election win November 15, 2019 The Labour party today announced it will nationalise parts of BT if it wins power in December’s General Election. The party would nationalise the telecoms giant’s Openreach fibre rollout arm in a bid to create a UK-wide network owned by the government. Read more: BT chief executive warns Labour’s part-nationalisation would cost £100bn Shadow chancellor [...]
ii Winter Portfolio doubles after fifth market-beating year May 22, 2019 After an amazing fifth winter, our portfolio almost doubles in value and beats all the global indices, proving that international investors are wrong to ignore UK stocks. It also proves it is possible to time the market. Five years ago, our interest was piqued by a stock market phenomenon that promised consistent market-beating returns year [...]
Boris Johnson congratulates vaccine taskforce boss Kate Bingham amidst spending scandal November 10, 2020 Boris Johnson has congratulated outgoing government vaccine taskforce chief Kate Bingham on her efforts just days after being embroiled in a spending scandal. It was revealed by the Sunday Times that Bingham, who is married to Tory minister Jesse Norman, had spent £670,000 of public money on PR advisers from a boutique company since being [...]
Boardroom survey finds fears over UK economy August 27, 2019 A majority of business boardrooms are predicting a downturn in the UK economy over the coming year, as Brexit uncertainty and trade war troubles take a toll on corporate confidence. Almost 70 per cent of respondents from FTSE 350 companies believe that the UK economy will decline in the next 12 months, improving from 81 [...]
FTSE 100 on track to hit gender target July 1, 2019 FTSE 100 firms are on track to achieve the target of 33 per cent of board positions going to women by 2020, however, 14 companies in the FTSE 350 still only have one or no women on the board. Figures published today show that 32.1 per cent of FTSE 100 board positions are held by [...]
Best 25 stocks in the last tax year April 15, 2019 By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]